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Ukraine looks to sell several state-owned banks

Sense Bank may be privatized in the first place
Sense Bank may be privatized in the first place

Some foreign investors have already expressed interest in buying Ukraine’s state-owned Sense Bank and Ukrgasbank, Deputy Finance Minister Yuriy Draganchuk said on Jan. 24, as reported by Interfax-Ukraine.

“We have interest in two state-owned banks from foreign investors—Ukrgasbank and Sense Bank,” said Draganchuk.

“And we are actively preparing them [the banks] for sale. We received these signals [from investors] at the end of last year. Now we are actively working on them.”

Read also: What happens to Sense Bank after nationalization – interview with supervisory board head

According to Draganchuk, the Finance Ministry is interfacing with the World Bank to amend existing Ukrainian laws to make the sale of the two banks as transparent as possible.

“We want to sell these two banks this year,” the official concluded.

Read also: Ukrgazbank announces unprecedented wartime insurance plan to promote Black Sea trade

Earlier, deputy governor of the National Bank of Ukraine Kateryna Rozhkova said that Sense Bank and Ukrgasbank could be sold off before the war with Russia ends.

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Read the original article on The New Voice of Ukraine